SXLE.L vs. IOGP.L
SXLE.L (State Street SPDR S&P U.S. Energy Select Sector UCITS ETF) and IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) are both exchange-traded funds - SXLE.L is a Energy Equities fund tracking the S&P Energy Select Sector Daily Capped 35/20 Index, while IOGP.L is a Oil & Gas fund tracking the S&P Commodity Producers Oil & Gas Exploration & Production Index. Both are passively managed. Over the past 10 years, SXLE.L returned 9.89%/yr vs 7.46%/yr for IOGP.L. Their correlation of 0.92 suggests significant overlap in exposure. SXLE.L charges 0.15%/yr vs 0.55%/yr for IOGP.L.
Performance
SXLE.L vs. IOGP.L - Performance Comparison
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Returns By Period
In the year-to-date period, SXLE.L achieves a 30.88% return, which is significantly higher than IOGP.L's 28.57% return. Over the past 10 years, SXLE.L has outperformed IOGP.L with an annualized return of 9.89%, while IOGP.L has yielded a comparatively lower 7.46% annualized return.
SXLE.L
- 1D
- 2.27%
- 1M
- 0.09%
- YTD
- 30.88%
- 6M
- 30.35%
- 1Y
- 44.50%
- 3Y*
- 17.39%
- 5Y*
- 20.28%
- 10Y*
- 9.89%
IOGP.L
- 1D
- 2.02%
- 1M
- -2.81%
- YTD
- 28.57%
- 6M
- 24.95%
- 1Y
- 36.79%
- 3Y*
- 14.41%
- 5Y*
- 16.29%
- 10Y*
- 7.46%
SXLE.L vs. IOGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXLE.L State Street SPDR S&P U.S. Energy Select Sector UCITS ETF | 30.88% | 9.74% | 3.75% | 0.62% | 62.75% | 50.77% | -31.89% | 9.19% | -18.13% | -1.18% |
IOGP.L iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 28.57% | 6.29% | -0.90% | 2.72% | 37.88% | 67.23% | -31.61% | 8.06% | -21.55% | -3.94% |
Correlation
The correlation between SXLE.L and IOGP.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2015 | 0.92 |
The correlation between SXLE.L and IOGP.L has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
SXLE.L vs. IOGP.L — Risk / Return Rank
SXLE.L
IOGP.L
SXLE.L vs. IOGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P U.S. Energy Select Sector UCITS ETF (SXLE.L) and iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SXLE.L | IOGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.37 | +0.67 |
| Martin ratioReturn relative to average drawdown | 9.59 | 6.32 | +3.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SXLE.L | IOGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.49 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.54 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.23 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.07 | +0.27 |
Drawdowns
SXLE.L vs. IOGP.L - Drawdown Comparison
The maximum SXLE.L drawdown since its inception was -66.60%, smaller than the maximum IOGP.L drawdown of -83.56%. Use the drawdown chart below to compare losses from any high point for SXLE.L and IOGP.L.
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Drawdown Indicators
| SXLE.L | IOGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.60% | -83.56% | +16.96% |
Max Drawdown (1Y)Largest decline over 1 year | -14.55% | -15.44% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -27.14% | +6.24% |
Max Drawdown (5Y)Largest decline over 5 years | -27.87% | -32.41% | +4.54% |
Max Drawdown (10Y)Largest decline over 10 years | -66.60% | -74.37% | +7.77% |
Current DrawdownCurrent decline from peak | -7.18% | -8.38% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -13.97% | -35.25% | +21.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 5.81% | -1.18% |
Volatility
SXLE.L vs. IOGP.L - Volatility Comparison
State Street SPDR S&P U.S. Energy Select Sector UCITS ETF (SXLE.L) and iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) have volatilities of 8.19% and 8.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXLE.L | IOGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | 8.37% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | 20.52% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.95% | 24.66% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.65% | 30.34% | -3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.66% | 32.81% | -4.15% |
SXLE.L vs. IOGP.L - Expense Ratio Comparison
SXLE.L has a 0.15% expense ratio, which is lower than IOGP.L's 0.55% expense ratio.
Dividends
SXLE.L vs. IOGP.L - Dividend Comparison
Neither SXLE.L nor IOGP.L has paid dividends to shareholders.
Frequently Asked Questions
SXLE.L and IOGP.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXLE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXLE.L is cheaper with a 0.15% expense ratio, compared with 0.55% for IOGP.L.
SXLE.L is categorized as Energy Equities, while IOGP.L is Oil & Gas. SXLE.L tracks S&P Energy Select Sector Daily Capped 35/20 Index, while IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SXLE.L and 0.55% for IOGP.L.
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